How to setup Odoo Accounting?

The Odoo Accounting application has an implementation guide that you should follow to configure it. It's a step-by-step wizard with links to the different screens you will need.
Once you have installed the Accounting application, you should click on the top-right progressbar to get access to the implementation guide.

Odoo is beautiful accounting software designed for the needs of the 21st century.
Odoo connects directly to your bank or paypal account. Transactions are synchronized every hour and reconciliation is blazing fast. It's like magic.